Is Holding Home Depot Stock a Wise Call After Fed Trims Interest Rate? [Yahoo! Finance]
Home Depot, Inc. (The) (HD)
Last home depot, inc. (the) earnings: 2/25 06:00 am
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US:NYSE Investor Relations:
ir.homedepot.com
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Source: Yahoo! Finance
The housing sector has struggled with sluggish home sales, high home prices and elevated mortgage rates, all of which have impacted the HD stock's performance. In the past six months, the Home Depot stock has declined 1.2%, reflecting its dependence on the housing market. However, on Sept. 18, 2024, the U.S. Federal Reserve announced its first rate cut in four years, reducing interest rates by 50 basis points. This shift from the Fed's previous tightening policy signals optimism for economic growth, inflation control, improved job market and global stability. The Fed's recent decision to cut interest rates has the potential to be a game-changer for home improvement companies like Home Depot and Lowe's Companies Inc. LOW. Tecnoglass TGLS and Builders FirstSource BLDR are other home-building retail stocks expected to gain from the rate cut. Since the Fed's announcement, shares of Home Depot have risen 1.8%, returning to a positive trajectory after remaining volatile in recent mont
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HD
News
- The 15 best deals to shop during Home Depot's early Black Friday sale [CNN]CNN
- Wall Street is bullish on one portfolio retail stock while raising concerns about another [MSNBC.com]MSNBC.com
- Is Trending Stock The Home Depot, Inc. (HD) a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Brokers Suggest Investing in Home Depot (HD): Read This Before Placing a Bet [Yahoo! Finance]Yahoo! Finance
- The Home Depot has early Black Friday deals on DeWalt, Milwaukee, Samsung [USA TODAY]USA TODAY
HD
Earnings
- 8/13/24 - Beat
HD
Sec Filings
- 9/25/24 - Form 4
- 9/25/24 - Form 4
- 9/25/24 - Form 4
- HD's page on the SEC website